22/01/2021

Mechanic Escape

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Hero Chairman Pawan Munjal invests in car service startup GoMechanic, Auto News, ET Auto

Chairman and CEO of Hero MotoCorp Pawan Munjal experienced also invested about $one million in...

 Chairman and CEO of Hero MotoCorp Pawan Munjal had also invested about $1 million in Ola Electric Mobility through his family trust in March this year.
Chairman and CEO of Hero MotoCorp Pawan Munjal experienced also invested about $one million in Ola Electric powered Mobility through his loved ones belief in March this year.

New Delhi: Auto fix and provider resolution startup GoMechanic has elevated an undisclosed amount of expenditure from Pawan Munjal, Chairman, MD & CEO, Hero MotoCorp.

According to GoMechanic, this will come in addition to the Collection B round of institutional funding received by them. It will be utilized to bolster its engineering stack, fuel geographical growth, streamline spare elements procurement and amplify brand advertising.

The startup experienced before elevated Rs a hundred and five cr ($ fourteen.seven mn) in a Collection-B funding round, led by Chiratae Ventures, Sequoia Cash and its existing trader partner Orios Undertaking Associates.

Hero Chairman’s expenditure is in his personal potential, GoMechanic informed.

Munjal experienced also invested about $one million in Ola Electric powered Mobility through his loved ones belief in March this year.

Munjal’s coming on board as an trader will assist the Gurugram based startup which started back in April 2016, to greatly enhance its profile~

Amit Bhasin, Co-Founder, GoMechanic, claimed, “Having Dr Pawan Munjal as an trader will make it possible for us to carry on our intense geographical growth aside from investing in technological innovation, which has often stored us ahead of the curve. We are thrilled to have the option to benefit from Dr Munjal’s depth of experience & expertise about our automotive field as we choose self-confident steps to organise India’s humongous car & bike provider market place.”

Munjal’s coming on board as an trader will assist the Gurugram based startup which started back in April 2016, to greatly enhance its profile.

Established by Amit Bhasin, Rishabh Karwa, Kushal Karwa and Nitin Rana, the startup initially operated on the seed funds galvanised by 4 of them. The initially round of expenditure was pulled up soon after five months, in the year 2016.

Also Examine: GoMechanic raises Rs a hundred and five cr in Collection-B funding